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Knowledge, Capital, Partnership and a Passion for Retail. Knowledge, Capital, Partnership and a Passion for Retail. Knowledge, Capital, Partnership and a Passion for Retail.

Senior Management

Michael Keefe
President and Chief Executive Officer
mkeefe@hilcomerchantresources.com
MichaelKeefe Michael has spent his entire career in the liquidation industry and has been instrumental in managing many of the country's largest store closing programs. Over the past 19 years, Mike has developed an unique expertise covering virtually every type of retail business and the broadest range of inventory categories and store formats. As the leader of Hilco Merchant Resources’ management team, Mike has been instrumental in developing, perfecting and executing many of today's most innovative asset disposition practices and tools.
Cory Lipoff
Executive Vice President
clipoff@hilcomerchantresources.com
Cory Lipoff Cory specializes in structuring and implementing sophisticated asset redeployment strategies for retailers. A recognized expert in bankruptcy, corporate reorganization and restructurings. Cory was a partner in bankruptcy/commercial law at Jones, Day, Reavis & Pogue, one of the nation's largest law firms. While at Jones Day, he participated in such major retail Chapter 11 cases as Federated Department Stores/Allied Stores Corporation, Herman's Sporting Goods, Warehouse Club and Gantos. Cory is a frequent speaker on legal, financial and bankruptcy issues. He is a graduate of the University of Wisconsin at Madison and earned his law degree from Northwestern University School of Law.
Anton J. Caracciolo
Executive Vice President
acaracciolo@hilcomerchantresources.com
Anton J. Caracciolo Anton has over 25 years of Senior Level Retail and Asset Management Expertise. Prior to joining Hilco, he was responsible for operations and client relations with a major asset management firm. He was formerly Vice President of Operations and Principal of Channel Home Centers and Vice President of Operations for Home Quarters Warehouse. Anton earned a B.S. from Seton Hall University.
Benjamin L. Nortman
Executive Vice President
bnortman@hilcotrading.com
Benjamin L. Nortman Ben is respected as an expert in structuring complex asset acquisition and disposition transactions.  He serves three roles within Hilco: as Executive Vice President of Hilco Merchant Resources, a world leader in retail asset disposition and operational services; as Managing Director of Hilco Consumer Capital, a leading consumer products brand management firm; and as Executive Vice President of Hilco Trading, the holding company for the entire Hilco platform.

In his roles with Hilco Merchant Resources and Hilco Trading, Ben helps companies, their lenders and professional advisors structure transactions to maximize returns on inventory, machinery and equipment, real estate and accounts receivable.  Since 1996, Ben has managed some of the largest asset disposition transactions in North America.  Since 2006, he has also worked with Hilco Consumer Capital to acquire and develop licensing strategies for numerous iconic brand names, including Sharper Image, Tommy Armour Golf, Bombay Company, Linens ‘N Things and Polaroid.

Prior to joining Hilco, Ben was a Chicago bankruptcy and creditors’ rights attorney at  the prominent law firms, Jones, Day, Reavis & Pogue and Holleb & Coff.

Jeffrey A. Paronto
Chief Operating Officer
jparonto@hilcomerchantresources.com
Jeffrey A. Paronto Jeff is a seasoned professional retailer with over thirty years experience at Kmart Corporation.  His most recent assignments included the responsibilities of multi-store supervision as District Manager, Regional Manager and Director of Store Operations for Kmart's Southwestern Region.  Jeff's operational expertise is being used to manage and control Hilco Merchant Resources' operations, providing clients with higher recoveries on their inventory and FF&E dispositions.
John Tinsley
Chief Financial Officer
jtinsley@hilcomerchantresources.com
John Tinsley John has over twenty years of financial experience in the retail and liquidation industry. Prior to joining Hilco, he held various financial control positions, including Divisional Vice President of Financial Operations for Rich’s/Lazarus/Goldsmith’s, one of Federated Department Stores larger operating divisions. He is responsible for managing the financial infrastructure and reporting functions for Hilco Merchant Resources.
Len Berliner
Sr. Vice President, Marketing/Advertising
lberliner@hilcomerchantresources.com
Len Berliner Over a 20 year period, Len has held senior management positions in Marketing and Sales Promotion for Federated Department Stores, May Department Stores and Woodward & Lothrop/John Wanamaker. A cornerstone member of our team, Len excels at planning and executing marketing strategies that maximize impact and cost efficiencies for desired results.
James Rategan
Vice President
jrategan@hilcomerchantresources.com
James Rategan James develops client and partner relationships for Hilco Merchant Resources and Hilco Real Estate, as well as other companies in the Hilco retail platform. He works with retailers and their advisors to provide capital and liquidity through asset-related advisory and monetization services in the context of mergers & acquisitions, restructurings, divestitures, and operational enhancements.

James is an active member of the International Council of Shopping Centers, Turnaround Management Association, Commercial Finance Association and American Bankruptcy Institute.  Prior to joining Hilco, James worked for mTeam Financial, CIBC Oppenheimer, and the Asset Management Division of Goldman, Sachs & Co.
Joseph A. Malfitano
Executive Vice President, Special Situations
jmalfitano@hilcotrading.com
Joseph A. Malfitano For more than a decade, Joe has been structuring complex asset acquisition and disposition transactions involving stressed, distressed and insolvent companies, including both in-court and out-of-court restructurings. Over the years, Joe has developed the expertise needed to quickly assess a situation, formulate a comprehensive set of strategic alternatives, and work to quickly to implement the solution best positioned to maximize short- and long-term stakeholder value.

Joe, who sits at our holding company, Hilco Trading, works in partnership with the business units. He is primarily responsible for sourcing and structuring distressed and non-distressed transactions that involve the investment of capital by Hilco. While the majority of transactions are underpinned by either retail inventory, industrial machinery and equipment or real estate, or combinations thereof, Joe is also active in sourcing and structuring opportunities that touch upon all other asset classes or that involve services offered by Hilco's business units.

Joe joined Hilco in 2007 as the Deputy General Counsel. In that role, he was instrumental in documenting and closing over one hundred transactions representing an aggregate asset valuation in excess of $1 billion. Prior thereto, Joe was a member of the Bankruptcy & Corporate Restructuring practice of Young Conaway Stargatt & Taylor, LLP, one of Delaware's most prominent bankruptcy and corporate restructuring law firms. Joe is a graduate of State University of New York, College at Buffalo and earned his law degree from Temple University - James E. Beasley School of Law.

News and Information

  • Filene’s Basement and Syms Intellectual Property to Be Sold at Auction by Hilco Streambank

    The trademarked Running of the Brides® name and Filene’s Basement® trade name are just two of many highly-valued intellectual property assets slated to be sold at auction by Hilco Streambank as part of the liquidation of bankrupt discount-clothing retailers Syms Corp. (SYMS) and Filene’s Basement, LLC.

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  • Borders to Sell Intellectual Property for $15.775 Million Following Successful Auction Conducted by Hilco Streambank

    Hilco Streambank, the intellectual property valuation and disposition arm of Hilco Trading, LLC, today said that the auction for the intellectual property of Borders, which was held on September 14, 2011, in New York City, resulted in the sale of various assets for $15,775,000. Multiple bidders, including Barnes & Noble and Berjaya Books, each acquired specific assets, which included a global portfolio of trademarks, the Borders, Waldenbooks and Brentano’s trade names, Internet domain names, and the Borders.com e-commerce website.

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  • Hilco Joins Forces with Streambank to Strengthen Intellectual Property Valuation and Disposition Services

    Founded in 2007 and headquartered in Needham, MA, Streambank is an intellectual property consulting firm specializing in the valuation and marketing of intangible assets, including trade names and patents. The company is currently engaged to sell Borders Group intellectual property, including the Borders.com business, and it recently completed successful sales of IP for Anchor Blue, Circuit City Liquidating Trust, and Berkline Benchcraft.

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